Positive Lending and Landbay sign distribution deal

Positive Lending will be able to source Landbay’s tailored mortgage offers on HMOs, multi-unit free hold blocks and for expats.

Paul Brett (pictured), managing director intermediaries at Landbay, said: “A raft of recent regulatory changes, not forgetting the upcoming PRA portfolio landlord rules, mean that more and more buy-to-let loans now have specialist requirements, and therefore usually need a specialist lender to underwrite them.

“We are totally committed to supporting and guiding mortgage intermediaries of all varieties in navigating these changes, and finding a home for hard-to-place cases.

“It’s vital for us to partner with specialist intermediaries like Positive Lending that have the knowledge, expertise and due diligence processes to work closely with our underwriters in processing complex loans quickly and precisely.”

Positive Lending has gained access to Landbay’s online intermediary portal, which includes case tracking and a property portfolio key, which will allow brokers to enter detailed analysis of a landlord’s full portfolio in advance of September’s PRA portfolio landlord changes.

Stephanie Charman, director of mortgages at Positive Lending, said: “The introduction of Landbay to our mortgage desk panel provides us with access to a tailored and specialist buy-to-let offering which is perfect for advisers looking to assist their landlord clients in a challenging buy-to-let market.”